702 Luttrell St Knoxville, TN 37917
1,867 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,867 sqft
Price per Sqft $230
Subdivision Fourth & Gill
MLS Listing ID 1320616
Year Built 1920
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 50x95
Source East Tennessee REALTORS® MLS
Property Description
This house is centrally located with easy walking and biking access to downtown Knoxville, parks, and local businesses on the North Central and Broadway corridors as well as an easy commute to the University of Tennessee campus.
The house is zoned for multifamily and is currently divided into four well-proportioned one bedroom and bath units with kitchen, all with private entry access. While all fully rented units are in great condition, two of the units have been renovated in the past three years with new flooring and kitchens and the other two units can continue to be rented as-is or can provide an investor upside opportunity to thoughtfully upgrade and continue to attract high quality tenants.
This property uniquely combines modern amenities for renters in an ideally located and beautiful historic house close to a bustling downtown and up-and-coming North Knoxville entertainment district.
Because of its location and strong community of neighbors who take pride in preservation and community interaction, the neighborhood consistently outperforms citywide averages with steady 5-7% annual appreciation. It's established prestige and the historic preservation ensures a strong and steady rental rate, staying occupied year round.
Surrounded by meticulously maintained Victorian, Barber, Craftsman, and early-20th-century homes, Fourth & Gill is among the best of Knoxville's historic neighborhoods.
Developed in the late 19th century, this National Register district has evolved into one of the city's most desirable residential communities, offering: Walk or bike to Everything: Downtown Knoxville, the University of Tennessee campus, and an array of acclaimed restaurants, breweries, bars, and parks are all nearby.
Please do not disturb the tenants and schedule directly with agent to see all four units and storage building.
Location
State TN
County Knox County - 1
Area 4050.0
Rooms
Other Rooms Other
Interior
Heating Natural Gas, Other, Electric
Cooling Other, Ceiling Fan(s), Window Unit(s)
Flooring Hardwood, Carpet, Vinyl
Heat Source Natural Gas, Other, Electric
Exterior
Parking Features On-Street Parking, Off-Street Parking
Garage Description On-Street Parking, Off-Street Parking
Roof Type Asphalt
Garage No
Building
Faces North on Broadway, Right on 3rd Ave. Corner of Luttrell and 3rd.
Structure Type Frame
Schools
Elementary Schools Beaumont
Middle Schools Vine/Magnet
High Schools Fulton
Others
Tax ID 094DF011
Energy Description Electric, Gas(Natural)
Acceptable Financing Other, Cash, Conventional
Listing Terms Other, Cash, Conventional